Sec 2(51) – Fund

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Sec 2(51) – Fund 2017-04-14T03:25:09+00:00
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    #1256 |

    “Fund” means the Consumer Welfare Fund established under section 57;

    Priya MadrechaPriya Madrecha
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    This refers to the Consumer Welfare Fund constituted by the Government where the unutilized input tax credits of a person will be credited if an application to that effect has been made. The amount will be credited to the Fund only upon an order being passed by the Proper Officer after being satisfied that the amount claimed as refund is refundable.

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